Enel joins bidders for Renvico wind property in Italy, France – Nasdaq

MILAN, Dec 2 (Reuters)Italy’s biggest utility Enel ENEI.MI has joined a race with at least five other bidders to buy the Renvico wind farm portfolio in Italy and France being sold by a Macquarie-run infrastructure fund, three sources said on Monday.

Renvico, which manages wind farms in Italy and France with a total capacity of around 334 megawatts, is worth around 400 million euros ($441 million), two of the sources said.

The fund, advised by Rothschild, is expected to choose an exclusive bidder – or exclusive bidders, if the assets are sold separately – this week, with a final deal expected in January, two of the sources said.

Besides Enel, other bidders include Italian renewable energy group Erg ERG.MI, investment fund Tages, France’s Engie ENGIE.PA and regional clean energy company Dolomiti Energia, sources said.

The sources said Erg was interested in the French assets only while Tages was looking to buy the Italian farms.

The companies declined to comment or were not immediately available for a comment. Macquarie did not immediately respond to a request for comment.

Italy’s biggest regional utility A2A A2.MI has previously said it is bidding for Renvico.

($1 = 0.9073 euros)

(Reporting by Stephen Jewkes and Giancarlo Navach; Editing by Jane Merriman and Jan Harvey)

((stephen.jewkes@thomsonreuters.com; +39.0266129695; Reuters Messaging: stephen.jewkes.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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